Old Second Bancorp, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 08/21/2019   Download
SEC Document
SEC Filing

On August 20, 2019, Old Second Bancorp, Inc.’s (the “Company”) board of directors amended the Company’s bylaws by deleting Section 3.15 of Article III in its entirety, which prohibited the election of any director that attained the age of seventy (70) years and required all directors who attained age seventy (70) to resign his or her directorship; provided such director would then be eligible to serve as a “Senior Director” (as defined in the bylaws) until such director attained the age of seventy-three (73).  This bylaw amendment mirrors an amendment to the Company’s certificate of incorporation that was approved by the Company’s stockholders at the Company’s 2019 annual meeting of stockholders and filed promptly thereafter.